Multiple Choice
MATCHING:
-A resulting trust in which property is purchased and paid for by one person, at whose direction the seller transfers possession and title to another person
A) active trust
B) inter vivos trust
C) purchase-money resulting trust
D) failed trust
E) excessive endowment trust
F) spendthrift trust
G) sprinkling trust
H) Totten trust
I) declaration of trust
J) irrevocable living trust
Correct Answer:

Verified
Correct Answer:
Verified
Q9: A living trust can decrease income taxes.
Q10: MATCHING:<br>-An express trust that can be either
Q11: The law will permit a public trust
Q12: Charitable trusts, as public trusts, must benefit
Q13: MATCHING:<br>-A trust that may not be amended,
Q15: The money in a Totten trust is
Q16: MATCHING:<br>-A trust that is declared void for
Q17: On the death of the settlor, a
Q18: Which is NOT a subcategory of express
Q19: Courts frequently use resulting trusts to settle